News Archives for Print - 2015-11-21

Currency

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 21 Nov, 2015 12:00am

ECB willing to act fast to boost inflation, says Draghi

The European Central Bank is ready to act quickly to boost anaemic inflation in the euro zone, its president said on Friday, offering the strongest hint yet that the bank will unveil fresh stimulus measures at its December 3 meeting. Mario Draghi highligh

Published 21 Nov, 2015 12:00am

Currency

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (November 20, 2015).

Published 21 Nov, 2015 12:00am

ECB willing to act fast to boost inflation, says Draghi

The European Central Bank is ready to act quickly to boost anaemic inflation in the euro zone, its president said on Friday, offering the strongest hint yet that the bank will unveil fresh stimulus measures at its December 3 meeting. Mario Draghi highligh

Published 21 Nov, 2015 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (November 20, 2015).

Published 21 Nov, 2015 12:00am

ECB willing to act fast to boost inflation, says Draghi

The European Central Bank is ready to act quickly to boost anaemic inflation in the euro zone, its president said on Friday, offering the strongest hint yet that the bank will unveil fresh stimulus measures at its December 3 meeting. Mario Draghi highligh

Published 21 Nov, 2015 12:00am

Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (November 20, 2015).

Published 21 Nov, 2015 12:00am

MPS today: Key policy rate may be kept unchanged

The State Bank of Pakistan (SBP) is likely to maintain status quo in today''s monetary policy ahead of expected surge in inflation. The State Bank will announce monetary policy today (Saturday) for next two months. After meeting of the Advisory Committee

Published 21 Nov, 2015 12:00am

Currency

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Friday (November 20, 2015).

Published 21 Nov, 2015 12:00am

MPS today: Key policy rate may be kept unchanged

The State Bank of Pakistan (SBP) is likely to maintain status quo in today's monetary policy ahead of expected surge in inflation. The State Bank will announce monetary policy today (Saturday) for next two months. After meeting of the Advisory Committee o

Published 21 Nov, 2015 12:00am

Currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (November 20, 2015).

Published 21 Nov, 2015 12:00am

MPS today: Key policy rate may be kept unchanged

The State Bank of Pakistan (SBP) is likely to maintain status quo in today's monetary policy ahead of expected surge in inflation. The State Bank will announce monetary policy today (Saturday) for next two months. After meeting of the Advisory Committee o

Published 21 Nov, 2015 12:00am

Currency

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Friday (November 20, 2015).

Published 21 Nov, 2015 12:00am

Black money held abroad: FBR ''''agrees'''' to TRC proposal to amend forex rules

The Federal Board of Revenue (FBR) has agreed in principal to a proposal of the Tax Reform Commission (TRC) for amendment to foreign exchange rules against black money held abroad for taxation of undeclared properties owned by Pakistanis in foreign countr

Published 21 Nov, 2015 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Friday (November 20, 2015).

Published 21 Nov, 2015 12:00am

Black money held abroad: FBR ''agrees'' to TRC proposal to amend forex rules

The Federal Board of Revenue (FBR) has agreed in principal to a proposal of the Tax Reform Commission (TRC) for amendment to foreign exchange rules against black money held abroad for taxation of undeclared properties owned by Pakistanis in foreign countr

Published 21 Nov, 2015 12:00am

Libor

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Friday (November 20, 2015).

Published 21 Nov, 2015 12:00am

Black money held abroad: FBR 'agrees' to TRC proposal to amend forex rules

The Federal Board of Revenue (FBR) has agreed in principal to a proposal of the Tax Reform Commission (TRC) for amendment to foreign exchange rules against black money held abroad for taxation of undeclared properties owned by Pakistanis in foreign countr

Published 21 Nov, 2015 12:00am

Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (November 20, 2015).

Published 21 Nov, 2015 12:00am

Black money held abroad: FBR 'agrees' to TRC proposal to amend forex rules

The Federal Board of Revenue (FBR) has agreed in principal to a proposal of the Tax Reform Commission (TRC) for amendment to foreign exchange rules against black money held abroad for taxation of undeclared properties owned by Pakistanis in foreign countr

Published 21 Nov, 2015 12:00am

Currency

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (November 20, 2015).

Published 21 Nov, 2015 12:00am

Power sector: ADB approves $1.4 billion loan assistance

The Asian Development Bank (ADB) has approved combined loan assistance of nearly $1.4 billion for two programmes that will help Pakistan resolve some of the key issues in the power sector, allowing it to lift growth, boost incomes and cut poverty.

Published 21 Nov, 2015 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (November 20, 2015).

Published 21 Nov, 2015 12:00am

Power sector: ADB approves $1.4 billion loan assistance

The Asian Development Bank (ADB) has approved combined loan assistance of nearly $1.4 billion for two programmes that will help Pakistan resolve some of the key issues in the power sector, allowing it to lift growth, boost incomes and cut poverty.

Published 21 Nov, 2015 12:00am

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi

Published 21 Nov, 2015 12:00am

Power sector: ADB approves $1.4 billion loan assistance

The Asian Development Bank (ADB) has approved combined loan assistance of nearly $1.4 billion for two programmes that will help Pakistan resolve some of the key issues in the power sector, allowing it to lift growth, boost incomes and cut poverty.

Published 21 Nov, 2015 12:00am

Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Published 21 Nov, 2015 12:00am

Power sector: ADB approves $1.4 billion loan assistance

The Asian Development Bank (ADB) has approved combined loan assistance of nearly $1.4 billion for two programmes that will help Pakistan resolve some of the key issues in the power sector, allowing it to lift growth, boost incomes and cut poverty.

Published 21 Nov, 2015 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 21 Nov, 2015 12:00am

Khaqan for early completion of North-South gas pipeline

Minister for Petroleum and Natural Reso-urces Shahid Khaqan Abbasi Friday underlined the need for early completion of the North-South gas pipeline project to meet growing energy demand of power generating plants and fertiliser units. "The government wants

Published 21 Nov, 2015 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 21 Nov, 2015 12:00am

Khaqan for early completion of North-South gas pipeline

Minister for Petroleum and Natural Reso-urces Shahid Khaqan Abbasi Friday underlined the need for early completion of the North-South gas pipeline project to meet growing energy demand of power generating plants and fertiliser units. "The government wants

Published 21 Nov, 2015 12:00am

Aaj TV - Saturday's schedule

All timings are in PST (Pakistan Standard Time).

Published 21 Nov, 2015 12:00am

Khaqan for early completion of North-South gas pipeline

Minister for Petroleum and Natural Reso-urces Shahid Khaqan Abbasi Friday underlined the need for early completion of the North-South gas pipeline project to meet growing energy demand of power generating plants and fertiliser units. "The government wants

Published 21 Nov, 2015 12:00am

BRIDGE NOTES: The Hangman's Rope

Bridge is a mentally exhilarating game. Challenging at times, it gives immense satisfaction at success and a painful memory on failure. Let us start with a simple illustration, which is one of the most common contracts in Bridge we find our self in - a co

Published 21 Nov, 2015 12:00am

Gazprom considering hydrocarbon projects

Russian state-controlled gas giant Gazprom is considering hydrocarbon exploration and production projects in Pakistan, TASS news agency reported on Friday, citing an intergovernmental commission document.

Published 21 Nov, 2015 12:00am

Hollywood lends star power to climate crusade

Climate change may be the challenge of our time, but when it comes to rallying the global public to the cause, a Hollywood star will always trump a treaty or summit.

Published 21 Nov, 2015 12:00am

Gazprom considering hydrocarbon projects

Russian state-controlled gas giant Gazprom is considering hydrocarbon exploration and production projects in Pakistan, TASS news agency reported on Friday, citing an intergovernmental commission document.

Published 21 Nov, 2015 12:00am

Vin Diesel swaps speed for spirits in 'The Last Witch Hunter'

"Fast & Furious" actor Vin Diesel swaps the world of speeding cars for the supernatural in "The Last Witch Hunter", playing a man destined to kill witches for all eternity to save humanity. The action star has plenty of stunts and fights in the fantasy ad

Published 21 Nov, 2015 12:00am

Gazprom considering hydrocarbon projects

Russian state-controlled gas giant Gazprom is considering hydrocarbon exploration and production projects in Pakistan, TASS news agency reported on Friday, citing an intergovernmental commission document.

Published 21 Nov, 2015 12:00am

Hunger Games stars: Berlin was our favourite place to film

The Hunger Games films have catapulted them into the realms of the most sought-after actors in Hollywood. Now actors Jennifer Lawrence, Josh Hutcherson and Liam Hemsworth are saying farewell in the final film of the series, The Hunger Games: Mockingjay -

Published 21 Nov, 2015 12:00am

At least 27 dead after gunmen seize hotel in Mali's capital

At least 27 people were reported dead on Friday after Malian commandos stormed a luxury hotel in the capital Bamako with at least 170 people inside, many of them foreigners, that had been seized by Islamist gunmen. The former French colony has been battli

Published 21 Nov, 2015 12:00am

Tree that sheds tears

What is 'harsinghar' in Urdu is the 'Coral Jasmine' in English. 'Harsinghar' is a bushy tree adapted to the tropical and subtropical climatic areas of the world. The three is propagated from the seed and India is accredited to have the honour of its being

Published 21 Nov, 2015 12:00am

At least 27 dead after gunmen seize hotel in Mali's capital

At least 27 people were reported dead on Friday after Malian commandos stormed a luxury hotel in the capital Bamako with at least 170 people inside, many of them foreigners, that had been seized by Islamist gunmen. The former French colony has been battli

Published 21 Nov, 2015 12:00am

Remembering Zamir Siddiqi (1915-1985) A journalist par excellence

On November 23, 2015 it will be 30 years since Zamir Siddiqi Sahib departed from this mortal world. Zamir Ahmad Siddiqi, popularly known as Zamir Siddiqi, was just Zamir bhai for his wide circle of relatives, friends and journalists. He entered journalism

Published 21 Nov, 2015 12:00am

UN mulls anti-IS moves as EU eyes tighter border checks

The UN was to vote Friday on a resolution boosting countries' powers to fight the Islamic State group behind the worst terror attacks on French soil, as the EU agreed to rush through reforms to its much-vaunted passport-free zone. The vote in New York on

Published 21 Nov, 2015 12:00am

Plan B: Hacking the climate

In a laboratory in the US Pacific north-west, scientists are working on what could one day become a new, and controversial, weapon to fight global warming: clouds. Misting ocean clouds with saltwater could multiply the water droplets inside, the theory go

Published 21 Nov, 2015 12:00am

UN mulls anti-IS moves as EU eyes tighter border checks

The UN was to vote Friday on a resolution boosting countries' powers to fight the Islamic State group behind the worst terror attacks on French soil, as the EU agreed to rush through reforms to its much-vaunted passport-free zone. The vote in New York on

Published 21 Nov, 2015 12:00am

Cotton

Fresh styles breathe new burst of life into geek glasses

At first only "creatives" dared to wear them, but now they're on everyone's noses; so-called geek glasses have experienced a real boom in popularity over the past few years. But now the trend is developing further. "Big frames are still in, but new colour

Published 21 Nov, 2015 12:00am

Cotton

Cotton futures fall in late-day trading but ends week higher

ICE cotton futures fell in late-day selling after trading in positive territory for most of the day following a US government report that showed a drop in the percentage of exchange-grade cotton, stoking supply concerns. "You have a big hole in the world

Published 21 Nov, 2015 12:00am

ART FACTS: Saeed Akhtar - an iconic artist

Saeed Akhtar is among the most celebrated contemporary visual artists of Pakistan. His work reflects a creative genius inside him. His ethereal thoughts can be visualised through his drawings, paintings and sculptures. The lively, expressive works reveal

Published 21 Nov, 2015 12:00am

India striving to become regional hegemon

Disdainful and contemptuous disregard for United Nations standing Resolutions for plebiscite in Kashmir, sponsoring terrorism in neighbouring countries, committing repression and human rights crimes including rape, murder, abduction and conversion of mino

Published 21 Nov, 2015 12:00am

KARACHI CHRONICLE: Moon Garden: structural corruption

Last week, television channels showed pitiful scenes of people evicted from the eight-storey residential complex called Moon Garden, raised illegally on encroached land of Pakistan Railways. Confused, bewildered, angry and resentful men, women and childre

Published 21 Nov, 2015 12:00am

Daily trading report of PMEX

On Thursday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 6,517 million as compared to PKR 5,796 million reported on Wednesday, a 12 percent increase. The number of lots traded also increased by 6 percent to 36.40 million from 34.30 millio

Published 21 Nov, 2015 12:00am

US Midwest corn bids firmer

Corn spot basis bids were steady to firm at processors and ethanol plants around the US Midwest on Wednesday, rising by as much as 5 cents per bushel in some areas, grain dealers said. Corn bids rose the most at a closely watched processor in Decatur, Ind

Published 21 Nov, 2015 12:00am

Canadian canola falls

ICE Canadian canola fell on Wednesday to a two-month low in the key contract, pressured by weaker soyabeans. Low margins for crushers and an uptick in farmer selling to cash markets may also have weakened prices, a trader said. January canola lost $3.10 a

Published 21 Nov, 2015 12:00am

US FOB Gulf soyabeans export premiums fall

Export premiums for soyabeans shipped from the US Gulf Coast were eased on Wednesday in tandem with sinking CIF barge basis values and a slowdown in buying of Gulf shipments by top importer China, traders said. Demand from China has slowed in recent weeks

Published 21 Nov, 2015 12:00am

US Plains HRW wheat bids steady

Spot basis bids for hard red winter wheat held steady at interior flour mills and elevators across the southern Plains on Wednesday, grain dealers said. Dealers said wheat movement was slow, as farmers were focused on harvesting their soyabean crop. Storm

Published 21 Nov, 2015 12:00am

Currency

EU wheat prices rise on hopes of export demand

European wheat prices rose on Wednesday on hopes for a boost in export demand linked to a drop in global prices, a fall in freight rates and a weaker euro versus the dollar which makes euro-denominated products more competitive on world markets. December

Published 21 Nov, 2015 12:00am

Ukraine to expand spring grain area in 2016

Ukraine is likely to boost sowing for the 2016 spring grain harvest after a severe drought prompted farmers to stop winter sowing, the UkrAgroConsult consultancy said on Tuesday. On Monday it cut its forecast for 2016 wheat output by 8 percent to 17.5 mil

Published 21 Nov, 2015 12:00am

Asia's naphtha crack rises to three-day high

Asia's naphtha crack rose to a three-day high of $111.65 a tonne on Wednesday, supported by firm demand driven by a lack of affordable liquefied petroleum gas (LPG) and high production rates at petrochemical units. LPG, also used for heating, can replace

Published 21 Nov, 2015 12:00am

US natural gas futures ease a bit

US natural gas futures eased a bit on Wednesday as continued weakness in cash prices and an expected storage build offset forecasts for stronger heating demand through the start of December. Front-month gas futures on the New York Mercantile Exchange clos

Published 21 Nov, 2015 12:00am

Karachi Port's activities

The Karachi Port handled 149,202 tonnes of cargo comprising 106,867 tonnes of import cargo and 42,335 tonnes of export cargo including 3,750 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 106

Published 21 Nov, 2015 12:00am

Cotton

Cotton market: prices firm on persistent buying by mills

Sizeable activity was seen on the cotton market on Friday in the process of trading, dealers said. The official spot rate was unchanged at Rs 5,300, dealers said. In Sindh, seed cotton prices were at Rs 2400 and Rs 3000 and in the Punjab rates were at Rs

Published 21 Nov, 2015 12:00am

No change on grain market

According to the Daily Market Report, not a single change was seen on the local commodity market and oil seeds market on Friday.

Published 21 Nov, 2015 12:00am

CBOT wheat falls to two-month low

Wheat futures on the Chicago Board of Trade fell on Wednesday for a fourth straight session in largely technical trade, with some investors exiting long wheat/short corn spread positions, traders said. CBOT December wheat dropped to $4.80-1/2 a bushel, it

Published 21 Nov, 2015 12:00am

Gold Fields soars on South Africa mine turnaround

Gold Fields Ltd on Thursday reported improved production and lower cash outflows at its troubled South African South Deep mine, sending shares soaring more than 20 percent. Gold Fields shares traded at 37.54 rand and were headed for the highest daily jump

Published 21 Nov, 2015 12:00am

Shanghai copper up

Shanghai Futures Exchange copper finished up 0.7 percent at 34,910 yuan ($5,469) a tonne on Friday, while Shfe zinc and lead rallied more than 2 percent each, as shorts booked profits. But Shfe nickel and tin suffered, both falling more than 1.5 percent.

Published 21 Nov, 2015 12:00am

Zinc jumps on Chinese output cuts; nickel sinks to 2003 low

Zinc surged nearly 6 percent on Friday after top Chinese smelters agreed to cut output next year by 500,000 tonnes, but gave up the bulk of gains on scepticism over whether shortages would kick in. Zinc, mainly used in galvanising steel, rebounded a day a

Published 21 Nov, 2015 12:00am

Brent up two percent, US crude erases early losses on short-covering

Oil rose on Friday, erasing early losses on short covering, with Brent futures up more than 2 percent and US crude holding support at above $40 a barrel. A firmer dollar had weighed on oil earlier as commodities denominated in the greenback became less af

Published 21 Nov, 2015 12:00am

Rubber rises

Benchmark Tokyo rubber futures rose on Friday as investors unwound short positions ahead of the long weekend, but they ended the week nearly flat amid lingering concerns about oversupply in Asia and weakening demand in top consumer China. The Tokyo Commod

Published 21 Nov, 2015 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

The following were Friday's Rotterdam vegetable oil prices at 1700 GMT:

Published 21 Nov, 2015 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

The following were Friday's Rotterdam vegetable oil prices at 1700 GMT:

Published 21 Nov, 2015 12:00am

Wheat rallies 1.5 percent; corn and soyabeans firm

US wheat, corn and soyabean futures all firmed on Thursday on support from better-than-expected export sales reports for all three commodities, traders said. Gains in soyabeans were limited by a huge global supply base following bumper harvests across the

Published 21 Nov, 2015 12:00am

Vegetable Oil

Palm oil falls

Malaysian palm oil futures fell on Friday on the back of a stronger ringgit, drawing little support from data showing a rise in export demand as this was in line with forecasts. The February benchmark palm oil contract on the Bursa Malaysia Derivatives Ex

Published 21 Nov, 2015 12:00am

Currency

Sugar and coffee surge

Raw sugar futures on ICE rallied for the second straight day on Friday, nearing a nine-month high on a forecast for lower-than-expected output in No 2 grower India and as rains hampered the cane crush in Brazil's main region. Arabica coffee futures also s

Published 21 Nov, 2015 12:00am

Gold soars in New York

Gold rose 1 percent on Thursday, rebounding from near six-year lows as indications from the US Federal Reserve that it may move cautiously into the rate hiking cycle weighed on the dollar and prompted investors to cover short positions. Fed officials on W

Published 21 Nov, 2015 12:00am

Gold up in Asia

Spot gold firmed on Friday but was still set to finish the week trapped near its cheapest in more than five years as the metal struggles against a stronger dollar ahead of a widely expected US rate rise next month. "We're still negative and target $985 in

Published 21 Nov, 2015 12:00am

Gold rises in Europe

Gold edged higher on Friday, extending the previous day's rally, as expectations that the Federal Reserve will take its time over raising interest rates prompted a wave of short covering after prices hit near six-year lows. The market had become over exte

Published 21 Nov, 2015 12:00am

US MIDDAY: wheat rises on short covering

US wheat futures edged higher on Friday on a round of end-of-week short covering by investment funds, traders said. Corn futures were steady to firm, also receiving support from short covering. But the market had traded in negative territory due to plenti

Published 21 Nov, 2015 12:00am

US MIDDAY: gold falls back toward near six-year lows

Gold turned lower on Friday, ending a two-day bounce up from the lowest level in nearly six years, on the firm dollar and comments from a Federal Reserve policy maker who said the US central bank should "soon" be ready to raise interest rates. "We hope th

Published 21 Nov, 2015 12:00am

Australia approves Shell's take-over of BG Group

Royal Dutch Shell's planned mega-take-over of British rival BG Group cleared another hurdle Thursday as Australia's competition commission said it would not oppose the move amid gas market concerns. It means Shell's £55-billion (US $84-billion, 79 billion

Published 21 Nov, 2015 12:00am

Gulfstream sees firm large-jet demand despite economic weakness

Business jet maker Gulfstream said demand remains firm for its biggest and farthest flying business jets, even as economic weakness hits key markets around the world. Industry experts have voiced concern about a potential scarcity of buyers for the wide v

Published 21 Nov, 2015 12:00am

Servier and Pfizer get rights to Cellectis cancer cell therapy

US drugmaker Pfizer and France's Servier have snapped up rights to a promising cell therapy developed by French biotech firm Cellectis to fight blood cancers. The so-called CAR T cell technology used by Cellectis involves reprogramming immune system cells

Published 21 Nov, 2015 12:00am

Currency

R3 blockchain group adds five banks, brings in technology heavyweights

Five more banks have joined a global consortium working on ways blockchain technology can be used in financial markets, the firm leading the project said on Thursday, as it brought in experts from the worlds of banking and technology.

Published 21 Nov, 2015 12:00am

TransCanada announces new layoffs as crude slump persists

Pipeline company TransCanada Corp has announced new job cuts, as slumping oil prices continue to take their toll on its customers, a spokesman said on Wednesday. TransCanada and other energy companies based in the oil-rich Western Canadian province of Alb

Published 21 Nov, 2015 12:00am

TransCanada announces new layoffs as crude slump persists

Pipeline company TransCanada Corp has announced new job cuts, as slumping oil prices continue to take their toll on its customers, a spokesman said on Wednesday. TransCanada and other energy companies based in the oil-rich Western Canadian province of Alb

Published 21 Nov, 2015 12:00am

Brazil jobless rate rises to 7.9 percent, a six-year high

Brazil's jobless rate rose unexpectedly in October to a six-year high, government data showed on Thursday, adding further evidence of the severity of country's recession. Brazil's non-seasonally adjusted jobless rate rose in October to 7.9 percent, the hi

Published 21 Nov, 2015 12:00am

Russia's consumer squeeze continues but producers recovering

Russian economic data published by the state statistics service on Thursday painted a picture of slumping retail sales and real wages, but as in previous months there were signs producers are less hard-pressed than consumers. The data is being closely wat

Published 21 Nov, 2015 12:00am

Taiwan export orders fall for 7th month, weak demand from Japan, China

Taiwan's export orders contracted for a seventh consecutive month in October, with orders to near neighbours China and Japan sharply down on year ago levels. Orders fell 5.3 percent year on year in October, better than the 5.82 percent slide predicted in

Published 21 Nov, 2015 12:00am

More Japan retail investors turn pessimistic about Abenomics

An increasing number of Japanese retail investors are predicting flat growth or recession for the economy over the next 12 months, a survey showed on Friday. The survey by Goldman Sachs Asset Management provided the latest evidence that Prime Minister Shi

Published 21 Nov, 2015 12:00am

Canada retail sales unexpectedly drop, inflation steady

Canadian retail sales disappointed in September, pointing to soft growth heading into the fourth quarter, while inflation was benign in October, suggesting the central bank will keep monetary policy on hold next month even if US rates rise. Retail sales u

Published 21 Nov, 2015 12:00am

Greece says Russia still interested in Greek railways, port

Russia is still interested in buying Greek railways and the country's second-biggest port OLTH, Greece's infrastructure minister said on Friday afer meeting Russia's deputy prime minister, Arkady Dvorkovich, who heads Russian Railways. Russian Railways an

Published 21 Nov, 2015 12:00am

Greece sees milder recession in 2016, sticks to bailout targets

Greece's government said on Friday it expected the economy to flatline this year and shrink less than previously forecast in 2016, as it finalised a budget likely to heap more austerity on a long-suffering public. The programme, released a day after parli

Published 21 Nov, 2015 12:00am

China state firms' profit decline worsens

Profits at China's state firms fell 9.8 percent in the first 10 months of this year, the Ministry of Finance said on Friday, with commodities-linked companies bearing the brunt of the pain. The near double-digit fall in profits in January-October from a y

Published 21 Nov, 2015 12:00am

Deficit worst since 2009, before budget update

Britain's deficit grew last month to the worst October level for six years, data showed Friday, dealing a blow to finance minister George Osborne one week before his budget update. Public sector net borrowing, the government's preferred measure of the def

Published 21 Nov, 2015 12:00am

British finance industry trade groups merge to boost lobbying power

Five British financial services trade associations, including the British Bankers' Association (BBA) and Payments UK, are set to merge to give them more lobbying clout and to cut costs. Britain's banks proposed earlier this year merging nine associations

Published 21 Nov, 2015 12:00am

British finance industry trade groups merge to boost lobbying power

Five British financial services trade associations, including the British Bankers' Association (BBA) and Payments UK, are set to merge to give them more lobbying clout and to cut costs. Britain's banks proposed earlier this year merging nine associations

Published 21 Nov, 2015 12:00am

Nigeria hopes to reach rice mill deal with China by year-end

Nigeria hopes to reach a deal with China within weeks to set up 40 rice mills, its new agriculture minister said, as part of plans to eliminate the need for any imports of the grain within two years. Audu Ogbeh said in his first interview since taking off

Published 21 Nov, 2015 12:00am

Italy to pass decree Sunday to save ailing banks

Italy's government will hold an extraordinary cabinet meeting on Sunday to pass a decree to save troubled banks from failure, three sources close to the matter told Reuters. One government source said the measure will be particularly aimed at saving four

Published 21 Nov, 2015 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 1	277.78
USD PKR Interbank Buying / Nov 1	277.68
USD to Japanese Yen / Nov 1	153.01
USD to Swiss Franc / Nov 1	0.87
Pound Sterling to USD / Nov 1	1.29
Euro to USD / Nov 1	1.08

Stock	Volume
S&P 500 / Nov 1	5,728.80
India Sensex / Nov 1	79,724.12
Tokyo Nikkei / Nov 1	38,053.67
Nasdaq / Nov 1	18,239.92
Hang Seng / Nov 1	20,506.43
FTSE 100 / Nov 1	8,177.15
Dow Jones / Nov 1	42,052.19
Germany DAX 30 / Nov 1	19,254.97

Item	Value
Crude Oil USD/Barrel / Nov 1	69.49
Karachi Cotton PKR/37.32 KG / Nov 1	18,085
Gold 10 Grams PKR / Nov 1	244,084
Gold Spot USD/Ounce / Nov 1	2,736.53
Cotton US¢/pound / Nov 1	70.17
Petrol/Litre / Nov 2	248.38

Stock	Price
786 Invest Ltd / Nov 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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